redundancy pay definition

redundancy pay means pay on grounds of a job being redundant;
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redundancy pay means redundancy pay in relation to a termination of employment that is:
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redundancy pay means redundancy pay to which a
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Examples of redundancy pay in a sentence

  • The employment of a Staff Member may be terminated at any time by the CEO with appropriate notice provisions being applied as per Part 2.2, Division 11 – Notice of Termination and Redundancy Pay, section 117, Fair Work Act 2009 (Cth).

  • Upon issuance, the Commitment Warrants will be detached from this Convertible Debenture.

  • This would also apply to Statutory Sick Pay and Statutory Redundancy Pay.

  • For clarity, this amount is inclusive of, not in addition to, the amount of Redundancy Pay under the NES.

  • Compliant Compliant 803 Notice of Termination and Redundancy Pay The Company must not terminate an Employee’s employment unless the Company has given the Employee written notice of the day of termination (which cannot be before the day the notice is given).

  • Situations that affect the Obligation to Pay Redundancy Pay (a) If sub-section 22(5) of the Act applies (which deals with the recognition of and continuity of an employee’s service) to a transfer of employment in relation to an employee, an employee is not entitled to redundancy pay under clause 31.2 in relation to the termination of their employment.

  • Nurses who were employed by the Employer prior to 1 January 2010, and have been continuously employed by the Employer since prior to 1 January 2010, shall be entitled to an uncapped Redundancy Pay of two (2) weeks for every year of continuous employment worked or part thereof instead of the Redundancy Pay table above.

  • Nurses who were employed by the Employer prior to 1 January 2010 and have been continuously employed by the Employer since prior to 1 January 2010, shall be entitled to an uncapped Redundancy Pay of two (2) weeks for every year of continuous employment worked or part thereof instead of the Redundancy Pay table above.

  • The casual employee is entitled to pro-rata Redundancy payments as set out under Clause 10, Termination / Redundancy Pay, of this Agreement.

  • Redundancy Pay as defined in clause 2.21.1 or 3.27.1 (as applicable) is calculated on the salary (as defined in clause 2.21.4 or 3.27.4) and terms applicable to the redundant position.


More Definitions of redundancy pay

redundancy pay means the amount applicable amount set out in clause calculated according to an Employee’s period of service with the Employer.
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redundancy pay means the applicable amount set out in clause calculated according to an Employee’s period of service with the Employer.
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Related to redundancy pay

  • Redundancy occurs where the Company has made a definite decision that it no longer wishes the job the employee has been doing done by anyone and that decision leads to the termination of employment of the employee, except where this is due to the ordinary and customary turnover of labour.

  • Severance means the complete separation and dismemberment of the part from the body.

  • Compensatory mitigation means types of mitigation used to replace project-induced critical area and buffer losses or impacts.

  • Cafeteria plan means a written plan under which all participants are employees, and the participants may choose among two or more benefits consisting of cash and qualified benefits.

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Recoverable Incentive Compensation means Incentive Compensation received by a Covered Officer during the Lookback Period that exceeds the amount of Incentive Compensation that would have been received had such amount been determined based on the Accounting Restatement, computed without regard to any taxes paid (i.e., on a gross basis without regard to tax withholdings and other deductions). For any compensation plans or programs that take into account Incentive Compensation, the amount of Recoverable Incentive Compensation for purposes of this Policy shall include, without limitation, the amount contributed to any notional account based on Recoverable Incentive Compensation and any earnings to date on that notional amount. For any Incentive Compensation that is based on stock price or TSR, where the Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the Administrator will determine the amount of Recoverable Incentive Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or TSR upon which the Incentive Compensation was received. The Company shall maintain documentation of the determination of that reasonable estimate and provide such documentation to the Exchange in accordance with the Listing Standards.

  • Unemployment compensation means cash benefits (including depend- ents’ allowances) payable to individ- uals with respect to their unemploy- ment, and includes regular, additional, emergency, and extended compensa- tion.(2) Regular compensation means unem- ployment compensation payable to an individual under any State law, but not including additional compensation or extended compensation.(3) Additional compensation means un- employment compensation totally fi- nanced by a State and payable under a State law by reason of conditions of high unemployment or by reason of other special factors.(4) Emergency compensation means supplementary unemployment com- pensation payable under a temporary Federal law after exhaustion of regular and extended compensation.(5) Extended compensation means un- employment compensation payable to an individual for weeks of unemploy- ment in an extended benefit period, under those provisions of a State law which satisfy the requirements of the Federal-State Extended Unemploy- ment Compensation Act of 1970, as amended, 26 U.S.C. 3304 note, and part 615 of this chapter, with respect to the payment of extended compensation.

  • Employee Contribution means any contribution made to the Plan by or on behalf of a Participant that is included in the Participant's gross income in the year in which made and that is maintained under a separate account to which earnings and losses are allocated.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • redundant means being no longer required by an employer to continue doing a job because, for a reason that is not a usual reason for change in the employer's work-force, the employer has decided that the job will not be done by any person.

  • Affected employee means an employee who would be affected by the grant or denial of a variance, or any one of the employee’s authorized representatives, such as the collective bargaining agent.

  • Termination Year means the calendar year in which the Employment Period is terminated.

  • Affected Employees means those employees who are exposed to the hazard(s) identified as a violation(s) in a citation.

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Hired Employee has the meaning set forth in Section 6.1.6.

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Severance Costs means the costs which the employers are legally obliged to pay to or in respect of the Crew as a result of the early termination of any employment contract for service on the Vessel.

  • Basic Compensation means Salary and Benefits.

  • Societal benefits charge means a charge imposed by an electric

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Accident pay means a weekly payment of an amount being the difference between the weekly amount of compensation paid to the Employee pursuant to the relevant workers compensation legislation and the Employee's appropriate 36 hour rate prescribed in Appendix B of this Agreement (pro-rata for part time and casual Employees).

  • Final compensation of a member means: